Listed property companies are unique in their business focus on property assets and their payment of income rather than dividends.  FTSE/JSE offers several indices which only include property companies.

Index Details

The FTSE/JSE Tradable Property Index consists of the ten largest constituents in the FTSE/JSE All Property Index when ranked by investable market capitalisation, which belong to the ICB real estate industry 35.

Name Tradable Property
Index Code          J800
Alpha CodePROP
Index CategoryProperty
UniverseAll Property Index (J803)
Fixed No. of Companies10
Liquidity Screening            Yes
Free Float ScreeningMinimum of 5%. 
Other ScreeningCompanies listed in the Real Estate Industry (35) Super Sector on the Main Board
Weighting MethodologySWIX Free Float Market Capitalisation
Ranking MethodologyRanked by net market cap
Capping Methodology15% quarterly
Index ReviewSemi-annually in March and September
Buffer Size           N/A
Dissemination15 seconds
Live Date              2017/10/02

The FTSE/JSE All Property Index comprises of 99% of all eligible main board ordinary securities when ranked by investable market capitalisation which belong to the ICB real estate industry 35. 

Name All Property
Index Code          J803
Alpha CodeALPI
Index CategoryProperty
UniverseMain Board
Fixed No. of CompaniesNo
Liquidity Screening            Yes
Free Float ScreeningMinimum of 5%. 
Other ScreeningN/A
Weighting MethodologySWIX Free Float Market Capitalisation
Ranking MethodologyRanked by net market cap
Capping Methodology15% quarterly
Index ReviewSemi-annually in March and September
Buffer Size           N/A
Dissemination15 seconds
Live Date              2017/10/02

The FTSE/JSE SA REIT Index consists of FTSE/JSE All Property Index constituents designated as a South African REIT.

Name SA REIT
Index Code          J805
Alpha CodeREIT
Index CategoryProperty
UniverseAll Property Index (J803)
Fixed No. of CompaniesNo
Liquidity Screening            Yes
Free Float ScreeningMinimum of 5%. 
Other ScreeningCompanies classified as SA REIT
Weighting MethodologySWIX Free Float Market Cap
Ranking MethodologyGross Market Cap
Capping Methodology15% quarterly
Index ReviewSemi-annually in March and September
Buffer Size           N/A
Dissemination15 seconds
Live Date              2017/10/02

The SA Listed Property Index comprises the top 20 liquid companies, by full market cap, in the ICB Real Estate Industry (35) with a primary listing on the JSE.

Name  SA Listed Property
Index Code           J253
Alpha Code SAPY
Index Category Property
Universe All Share Index (J203)
Fixed No. of Companies 20
Liquidity Screening             Yes
Free Float Screening Minimum of 5%. 
Other Screening Companies that have a primary listing on the JSE and are listed in the Real Estate Industry (35)
Weighting Methodology Free Float Market Cap
Ranking Methodology Ranked by gross market cap
Capping Methodology N/A
Index Review Quarterly in March, June, September and December
Buffer Size            3
Dissemination 60 seconds
Live Date               2004/06/01
The Capped Property Index comprises the top 20 liquid companies, by full market cap, in the ICB Real Estate Industry (35), capped at 15% at each quarterly review.
Name  Capped Property
Index Code           J254
Alpha Code PCAP
Index Category Property
Universe All Share Index (J203)
Fixed No. of Companies 20
Liquidity Screening             Yes
Free Float Screening Minimum of 5%. 
Other Screening Companies that are listed in the Real Estate Industry (35) on the JSE
Weighting Methodology Free Float Market Cap Weighted
Ranking Methodology Ranked by gross market cap
Capping Methodology 15% quarterly
Index Review Quarterly in March, June, September and December
Buffer Size            3
Dissemination 60 seconds
Live Date               2004/06/01